Maine Bureau of Insurance

If you’re looking for information about insurance in Maine, the Maine Bureau of Insurance is the place to start. The bureau is part of the Maine Department of Professional and Financial Regulation and is responsible for regulating insurance companies and agents in the state.

What is the Maine Bureau of Insurance?

The Maine Bureau of Insurance is a regulatory agency that oversees the insurance industry in the state of Maine. The bureau’s mission is to protect consumers by ensuring that insurance companies and agents comply with state laws and regulations.

The bureau is responsible for licensing insurance companies and agents, investigating complaints from consumers, and enforcing state insurance laws. It also provides information and assistance to consumers who have questions or concerns about their insurance coverage.

The Maine Bureau of Insurance is headed by the Superintendent of Insurance, who is appointed by the Governor and confirmed by the State Senate. The superintendent is responsible for the overall administration of the bureau and for enforcing state insurance laws.

Licensing Insurance Companies

One of the main functions of the Maine Bureau of Insurance is to license insurance companies that operate in the state. To obtain a license, an insurance company must submit an application to the bureau and meet certain requirements, including financial stability and compliance with state insurance laws and regulations.

Once a company is licensed, the bureau continues to monitor its operations to ensure compliance with state laws and regulations. The bureau also has the authority to revoke a company’s license if it violates state insurance laws or engages in fraudulent or unfair practices.

Table 1: Maine Insurance Companies

Insurance Company
Location
Contact Information
Acadia Insurance Company
Westbrook, ME
800-773-4300
Allstate Insurance Company
South Portland, ME
800-255-7828
Harleysville Insurance Company
Portland, ME
800-338-8301
Liberty Mutual Insurance Company
Portland, ME
800-526-1547
State Farm Insurance Company
Portland, ME
800-782-8332

Licensing Insurance Agents

In addition to licensing insurance companies, the Maine Bureau of Insurance also licenses and regulates insurance agents who sell insurance in the state. To obtain a license, an agent must complete a pre-licensing course and pass a state examination.

The bureau also requires agents to meet continuing education requirements to maintain their license. Agents who violate state insurance laws or engage in fraudulent or unfair practices may have their license revoked.

Table 2: Licensed Insurance Agents in Maine

Insurance Agent
Location
Contact Information
John Smith
Portland, ME
207-555-1234
Jane Doe
Bangor, ME
207-555-5678
Mike Johnson
Lewiston, ME
207-555-9012
Susan Jackson
Augusta, ME
207-555-3456
Tom Thompson
South Portland, ME
207-555-7890

FAQ about the Maine Bureau of Insurance

What is the role of the Maine Bureau of Insurance?

The Maine Bureau of Insurance is responsible for regulating insurance companies and agents in the state. Its mission is to protect consumers by ensuring that insurance companies and agents comply with state laws and regulations.

How do I file a complaint with the Maine Bureau of Insurance?

If you have a complaint about an insurance company or agent in Maine, you can file a complaint with the Maine Bureau of Insurance. You can call the bureau’s Consumer Health Care Division at 800-300-5000 or visit their website to file a complaint online.

What types of insurance are regulated by the Maine Bureau of Insurance?

The Maine Bureau of Insurance regulates all types of insurance sold in the state, including health, life, auto, property, and casualty insurance.

How can I find out if an insurance company or agent is licensed in Maine?

You can check the license status of an insurance company or agent in Maine by visiting the Maine Bureau of Insurance’s website and using their License Lookup tool. You can search by the name of the company or agent or by their license number.

Does the Maine Bureau of Insurance provide assistance to consumers?

Yes, the Maine Bureau of Insurance provides assistance to consumers who have questions or concerns about their insurance coverage. You can contact the bureau’s Consumer Health Care Division at 800-300-5000 for more information.

Conclusion

The Maine Bureau of Insurance plays an important role in regulating the insurance industry in the state. By licensing insurance companies and agents, investigating complaints, and enforcing state insurance laws, the bureau helps protect consumers and ensure that insurance companies and agents operate in a fair and honest manner.